PPP Loan information for Douglas motors corp.

$1,721,320

Douglas motors corp. was initially approved for PPP Loan of amount $1,721,320, the current approved amount is $1,721,320. The loan was approved on 04/28/2020 by The Lakeland Bank reported 114 jobs and $1,721,320 was used to fund payroll.

Douglas motors corp. is Existing or more than 2 years old

PPP Loan Search / NJ / SUMMIT / Douglas motors corp.

DOUGLAS MOTORS CORP.

Date Approved

04/28/2020

SBA Office Code

0299

Processing Method

PPP

Borrower Name

DOUGLAS MOTORS CORP.

Borrower Address

430 Morris Ave

Borrower City

SUMMIT

Borrower State

NJ

Borrower Zip

07901

Loan Status Date

09/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1721319.70

Current Approval Amount

1721319.70

Undisbursed Amount

0.00

Franchise Name

Infiniti Dealer Sales and Service Agreement

Servicing Lender Location Id

45621

Servicing Lender Name

Lakeland Bank

Servicing Lender Address

2717 Rte 23 South

Servicing Lender City

NEWFOUNDLAND

Servicing Lender State

NJ

Servicing Lender Zip

07435-1441

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SUMMIT

Project County Name

UNION

Project State

NJ

Project Zip

07901-1100

CD

NJ-07

Jobs Reported

114

NAICS Code

441110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1721319.70

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

45621

Originating Lender

Lakeland Bank

Originating Lender City

NEWFOUNDLAND

Originating Lender State

NJ

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1743314.34

Forgiveness Date

08/12/2021

;